Insulating yourself from the Financial Roller Coaster

For many Real Estate Professionals (and other Independent contractors/Self-Employed Folks) Finding a Life Rhythm that insulates them from the financial roller coaster is the pot at the end of the rainbow . . . The Holy Grail of the career.

You know the “Real Estate Roller Coaster,” RIGHT?

It’s that thing most self-employed folks experience as they practice their art. BIG FAT INCOME MONTHS . . . and little skinny income months . . . creating a “Feast then Famine then Feast then Famine” scenario in which 50% or more of the time sheer panic RULES.

Are you nodding your head with recognition?

One thing I know for sure . . . We lose all semblance of control when we are in PANIC Mode . . . Some voodoo curse hits us and dollar generating opportunities RUN Away from us.

A better way is to find a life rhythm that evens the flow . . . and a budget that allows us to build reserves during the good times to ease the pain when things shift and income wanes.

So, Let’s consider:

  • Goals and Aspirations
  • Daily/Weekly/Monthly Lead Generation Habits
  • Prioritization of current Prospects and clients
  • Self-organization
  • Leverage – How do get MORE done with LESS effort?
  • Financial concerns – Spending Habits – Budget (Chart of Accounts)
  • Multiple Streams of Income
  • Retirement Plan

No matter how good we are at all of the above, SH_T Happens and we sometimes fall wildly out of balance . . . The true maestros amongst us recognize these times and adapt quickly to the new environment.

Market shifts, Economic Shifts, Political shenanigans, Natural Disasters, Personal anomalies . . . These are ALL “Uncontrollables” which threaten our rhythm always.

How well insulated are YOU?

hmmmmm . . . Just wondering 🙂

This Wednesday August 22 @ 10 AM, we are gathering a group of real estate sales professionals (and anyone else who cares about this topic) to spin some ideas – discuss techniques – and offer support for each other as we ride this wave together. Email me at barryo@comcast.net if you would like to join us.

Lunch will be provide by Lou Britt and Dan Curtis with Met Life.

Published by Barry Owen

Strategist-CEO of Pareto Realty Real estate sales Professional Inviter-Facilitator-Practicer of Open Space Technology Opening safe space for people & organizations to self-organize around issues & opportunities BarryOwen.US Invite-Listen-Love

Leave a comment

Your email address will not be published. Required fields are marked *